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sertanlavr [38]
3 years ago
12

Jerry lives in New Mexico and makes $52,000 a year. If the median annual income in New Mexico is $53,731 and the median annual i

ncome in the United States as a whole is $50,233, is Jerry likely to qualify for Chapter 7 bankruptcy?
Business
2 answers:
MAVERICK [17]3 years ago
8 0
Yes, Jerry is likely to qualify, since his yearly income is below the median annual income of New Mexico.
Anna [14]3 years ago
3 0

Answer:

Yes, Jerry is likely to qualify for Chapter 7 bankruptcy

Explanation:

A requirement to qualify for Chapter 7 bankruptcy is to have an income that is below the median level in the state that the person lives. So, considering that the median annual income in New Mexico is $53,731 and Jerry makes $52,000, he is likely to qualify for Chapter 7 bankruptcy.

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What is capital vocation​
nalin [4]

Answer:

A vocation is an occupation to which a person is specially drawn or for which they are suited, trained, or qualified. And since it is capital vocation I guess you just tie that definition into your capital and how that would work for your capital. I hope this helps. It was kind of difficult to find the answer. :) I wish you the best of luck! If you need any more help just ask!

8 0
3 years ago
Managers in businesses direct their activities toward earning money for their company and its owners, whereas managers in nonpro
ikadub [295]

Answer:

 b. generating some kind of social impact

Explanation:

Business ventures are established with a profit motive. The investor risks their resources, time, and efforts in the expectation of making profits.  The investor and his or her business manager employ their skills and experiences to ensure that the business is profitable.

Not-for-profit organizations are formed to provide a service to specific members, a section or entire society. They aim at improving the well being of the community by providing essential services. Not for profit organization offer free services or charge a minimum fee. They get funding from members or founders of the organization or may receive donations from institutions and the general public.

8 0
3 years ago
Colby Corporation has provided the following information: Operating revenues from customers were $207,700. Operating expenses fo
wel

Answer:

$46,700

Explanation:

Operating revenue

$207,700

Less:

Operating expenses

($119,000)

Operating profit

$88,700

Less:

Interest expense

($8,700)

Income tax expense

($37,000)

Net income

$43,000

Add:

Gain from sale

$3,700

Total net income

$46,700

Therefore, Colby's net income is $46,700

6 0
2 years ago
On February 1, 2018, Cue Company acquired 1,000 shares of its $1 par value stock for $47 per share and held these shares in trea
Drupady [299]

Answer:

The journal entries to record both transactions should be:

February 1, 2018, repurchase of 1,000 stocks at $47

Dr Treasury stocks 47,000

    Cr Cash 47,000

April 10, 2019, treasury stocks were sold at $50

Dr Cash 50,000

    Cr Treasury stocks 47,000

    Cr Additional paid in capital 3,000

Treasury stocks account is a contra equity account with a debit balance that reduces the value of total stockholders' equity.

7 0
3 years ago
The constant growth model assumes which of the following?
Gwar [14]
The answer would be letter C, because the growth model promotes a rise or a growth in development. In which, it will create the stocks to be efficiently priced as time goes by for it is a requirement in terms of developing or having stocks to rise up in the contribution of the company. Executive stocks are not always available, privately held information does not follow on the relationship of the model and there is a restricted stock.
4 0
3 years ago
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